It was another fine REA result, with operating profit growth in the second-half accelerating to 31%, from 26% growth in the first half.
Of course, it warrants remembering that both halves of FY2024 have been cycling two weak corresponding periods in FY2023:
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But overall a very solid result which some could argue justifies the lofty valuation of the stock.
(Or, in the glass half-full view, in order to sustain the lofty valuation, these sorts of results are very necessary and anything less would induce a de-rating of the valuation multiple).
When a stock is trading at almost 50x, everyone can write his or her own adventure.
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- Ann: REA Group Investor and Analyst Presentation FY24
Ann: REA Group Investor and Analyst Presentation FY24, page-8
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Last
$202.36 |
Change
12.840(6.78%) |
Mkt cap ! $26.73B |
Open | High | Low | Value | Volume |
$197.71 | $203.36 | $194.10 | $38.22M | 191.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 562 | $201.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$202.49 | 700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 562 | 201.890 |
1 | 200 | 201.570 |
1 | 399 | 201.270 |
1 | 399 | 200.780 |
1 | 399 | 200.280 |
Price($) | Vol. | No. |
---|---|---|
202.490 | 700 | 1 |
202.660 | 37 | 1 |
203.000 | 50 | 2 |
203.500 | 13 | 1 |
203.570 | 399 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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